ICICI Bank Share Price: ICICI Bank’s net profit on the consolidated basis in the October-December 2024 quarter increased by 16.5 percent to Rs 12883.37 crore on a annual basis. The bank’s profit was Rs 11052.60 crore in the same quarter a year ago. On the consolidated basis, the bank’s income increased by 25.4 percent to Rs 74626.56 crore as compared to a year ago. It was Rs 59,479.76 crore in the December 2023 quarter. In the December 2024 quarter, the consolidated basis earned an interest of Rs 47,037.12 crore. A year ago, the figure was at Rs 40,865.23 crore. Jefferies, Kotak Institution has given the opinion of shopping on this stock.
The market has liked the bank results. After the market opened, at 10.37 am, this stock was seen trading at a level of Rs 1.68 percent or Rs 20.35 at Rs 1229.55.
The CLSA has given outparforption on stock. Its target has been fixed at Rs 1600. He says that stock had a strong performance in Q3. PPOP increased by 6% more than estimated. The bank’s deposits increased by 14% on an annual basis. Its CASA ratio looked stable. The asset quality was seen strong. The gross NPL ratio was stable.
Jeffers has given the opinion of shopping on ICICI Bank. Its target is given Rs 1600. He says that profits in the third quarter are better than estimated. A strong deposit growth with 14% on an annual basis.
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Kotak instict on icici bank
Kotak Institution EQ has given the opinion of shopping on ICICI Bank. He says that a target of Rs 1500 can be seen in it. The bank’s good Q3 results have been seen on every scale. The bank saw stable NIM, strong loan and deposit growth. Its exercise looks good.
JP Morgan has given an overweight call to ICICI Bank. Its target has been fixed at Rs 1500. He says that the profit in Q3 remained as per estimated. Core PPOP has got support from control in its operating expenses.
Bernstein has given an outperform rating on ICICI Bank. Its target has been fixed at Rs 1440. He says its results have been strong. Its ROA is better than other banks.
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